Export reaches $390 billion as of March 14: Piyush Goyal – Times of India


NEW DELHI: Commerce and Business Minister Piyush Goyal has mentioned India’s merchandise exports have reached nearly $390 billion as of March 14 and can cross $400 billion within the present monetary yr.
He additionally mentioned the auto parts business has, for the primary time, recorded a commerce surplus of $600 million.
The minister urged automakers to purchase native merchandise and substitute imports.
He mentioned this whereas addressing an occasion of the automotive element sector on March 16 right here.
Goyal identified that India might not afford to be closed and protecting however should open up home markets.
Additional, he requested the auto business to speculate extra in R&D (analysis and growth), particularly e-mobility, set increased benchmarks for efficiency and aspire to take 5 Indian firms in top-50 international automotive suppliers membership.
“India’s merchandise exports have reached nearly $390 billion as of March 14 and will definitely cross USD 400 billion within the present fiscal,” the commerce ministry mentioned on Thursday quoting the minister.


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